Gala Games thanks Binance for help in $200 million exploit case, highlighting transparency. Despite initial dip, GALA token now trades up 3% at $0.04553.

Gala Games faced a setback with a $240 million token exploit, swiftly responding to secure the contract and collaborate with law enforcement. Despite a 20% price drop, GALA rebounded to $0.04272 amid ongoing legal concerns.

블록체인 게임 플랫폼 갈라게임즈(GALA)가 커먼 그라운드 월드와 협업해 노드를 NFT화했다고 밝혔다. 노드 NFT화는 블록체인 업계 내 최초 사례이며, 이를 통해 유저 간 노드 거래가 원활해졌다는 설명이다. 한편, 갈라게임즈는 GALA 소각을 진행 중이다.

According to Foresight News, Gala Games' blockchain president, Jason Brink, announced that six companies have signed up to develop on Gala Chain. These companies will utilize the entire GALA ecosystem, particularly the node infrastructure, to redefine their businesses, increase revenue, and reduce costs. The official team is currently providing channel access permissions to support their development, with plans to burn some GALA tokens to ensure channel security before they can begin building. Over the next week, users can also burn GALA tokens to reserve their domain names within the ecosystem. These domain names, currently only available in the GalaChain ecosystem, will make transactions with other users easier. Additionally, an updated blueprint for the entire GALA ecosystem and an updated MUSIC whitepaper are expected to be released this week.

21일 @ai_9684xtpa 모니터링에 따르면 3시간 전 저스틴 선의 주소는 ether.fi에서 처음으로 ETHFI 토큰 25,000개(약 $105,000; 약 1.4억원)의 에어드랍을 신청했으며, 아직 이체되거나 판매되지 않았다. Ether.fi는 앞서 고래 에어드랍 출시 기간을 3개월로 정할 예정이라 한꺼번에 출금할 수 없다고 밝힌 바 있다. ONDO 팀 추정 주소, 약 320만 달러에 해당하는 445만 ONDO를 바이비트로 입금 DWF랩스 유동성 마켓에 MASK·GALA ... source: https://coincode.kr/14458

21일 암호화폐 마켓메이커 DWF랩스는 장외거래(OTC) 시장 서비스를 제공하는 유동성 마켓에 MASK/USDT, GALA/USDT, ARPA/USDT, API3/USDT 및 BEAM/USDT 거래 페어가 추가되었음을 알리는 문서를 발행했다. 마스크네트워크(MASK)·갈라(GALA)·ARPA(ARPA)·API3(API3)·빔(BEAM) 컨플럭스(CFX), 앵커x를 통해 홍콩 달러 기반 스테이블코인을 2분기에 출시 목표 펀토큰(FUN), 탈중앙화 파생상품 거래 플랫폼 FXDX와 파트너십 체결 스페이스아이디(ID), 레드벨리 네트워크와 파트너십 source: https://coincode.kr/14452

According to Foresight News, DWF Labs has announced the listing of new trading pairs on its Liquid Markets platform. The newly added trading pairs include MASK/USDT, GALA/USDT, ARPA/USDT, API3/USDT, and BEAM/USDT. This expansion of trading options aims to provide users with a wider range of choices for their investment strategies.

According to official news, DWF Labs Liquid Markets has launched MASK Network (MASK), GALA (GALA), ARPA (ARPA), API3 (API3), and Beam (BEAM). Supported trading pairs include: MASK/USDT, GALA/USDT, ARPA /USDT, API3/USDT, BEAM/USDT.

GALA and BOME, initially rising alongside other cryptos on March 17, displayed divergent trajectories thereafter. GALA maintained stability while BOME entered a bearish phase with a substantial price drop. Analyzing market sentiments and technical indicators suggests potential further declines for both tokens, particularly for BOME amidst rising bearish sentiment.

GALA and BOME’s prices dropped in the last 24 hours after what was a successful week on the charts. source: https://ambcrypto.com/why-gala-and-bome-reacted-differently-after-last-weeks-gains/

On March 11, Amp ($AMP), the digital asset token used to collateralize payments on the Flexa Network, increased by more than 350% in just twelve hours. The volatile move in AMP price was thought to be caused by a short squeeze. It reached a multi-week high of 0.02429 USDT before quickly dropping back into the 0.01 USDT range. It is currently trading at $0.01425 USDT. The 0x Protocol is an open-source, decentralized exchange infrastructure that facilitates the exchange of tokenized assets across multiple blockchains. ZRX, the 0x Protocol's governance token, has experienced strong market demand since March 9. The high demand was fueled by social media hype claiming that big whales are accumulating large long positions in this token. This week, our desk noticed that on-chain gaming projects are receiving a lot of funding, and investors are lining up to buy gaming project tokens. Yield Guild Games ($YGG) and GALA ($GALA) are the two with the highest volume growth on Convert. Last week, both tokens experienced a more than 200% increase in volume on Convert, as well as an over 80% increase in price. Overall Market The above chart shows the BTC price movement since the beginning of January 2024. BTC surpassed the previous cycle peak of 69,000 USDT set in 2021, reaching 73,000 USDT today, March 12, 2024. Four years ago, on March 12, 2020, the crypto market and the entire financial market experienced one of their most volatile trading sessions in history. Along with the US equity market, which suffered the largest single-day percentage drop since the 1987 stock market crash, the crypto market experienced a massive market crash that day.  BTC price fell 39.4% in one day, from 7,934 USDT to 4,800 USDT. It fell further when the Asian market opened, reaching a low of 3,782 USDT before recovering to the 5,000 range.  ETH's price fell 44.6%, from 194 USDT to 107 USDT. It continued to fall to its lowest point of 86 USDT before recovering above the 100 level. Fast forward to today, BTC has reached an all-time high of 73,000 USDT, while ETH is trading at around 4,000 USDT. According to our analysis, BTC is in the price discovery phase, with 73,000 USDT serving as the new resistance level. This resistance level will not keep the BTC price in this range for long, and we expect it to quickly reach 80,000 once it clears the 73,000 barrier. Options Market The above table shows the 25-delta skewness for BTC and ETH options.  Following the strong break of the previous all-time high of $69,000, BTC experienced some selling pressure, and we see that demand has cooled down. Ethereum, on the other hand, will have its Dencun upgrade on March 13. The Dencun upgrade will significantly reduce gas fees on layer 2 networks, resulting in more on-chain transactions on L2s. However, the Dencun upgrade will not reduce the Layer 1 network gas fee, so users will continue to pay high gas fees for transactions on the Ethereum network. Therefore, we could see fewer transactions on the ETH network and more in L2 networks after the upgrade. Options traders continue to be bullish on Bitcoin, from short to long term.  However, traders have different perspectives on Ethereum in the short and long term. According to the table above, the 25-delta skewness of BTC options is positive across all tenors, with a greater skewness to the upside in long-duration options. That suggests that traders may retreat from their bullish views on BTC in the short term but remain bullish in the long term. The negative skewness of ETH options in the 7-day and 30-day expiries indicates that options traders are more willing to hold a negative delta position in the shorter tenors. In the long-duration ETH options, our desk noticed that the skewness has returned to positive territory. The 180-day expiry ETH options currently have a positive 6.75 skewness, which is similar to the skewness observed in BTC options of the same duration.  Macro at a glance  Last Wednesday (2024-03-06) The Bank of Canada maintained its interest rate at 5.00%, unchanged. Governor Tiff Macklem declined to lay out a rate cut schedule, citing underlying inflation data that suggests a rate cut is premature at this time. In February, ADP nonfarm employment increased by 140,000, falling short of the expected 149,000. The lower-than-expected employment growth suggests that US labour market demand may begin to decline. Last Thursday (2024-03-07) The European Central Bank kept its interest rate at 4.50%, unchanged. The ECB also reduced its annual inflation forecast and hinted that they will have more data in June to increase its confidence in a rate cut. Fed Chairman Powell testified before the House, stating that the Fed does not expect a recession in the United States in the foreseeable future. He also stated that the Fed was close to having enough confidence to cut interest rates. The market is now pricing in the first interest rate cut for the June meeting.  Last Friday (2024-03-08) Average hourly earnings in the United States increased by 0.1% in February, falling short of expectations of 0.2% and January's 0.5% increase. Slower hourly earnings growth reduces consumer demand in the United States, resulting in lower inflationary pressures on goods and services. The US unemployment rate unexpectedly rose to 3.9% in February from 3.7% in January. The unexpected change in the unemployment rate indicated some extent of labour market rebalancing. On Tuesday (2024-03-12) In February, Germany's CPI increased by 0.4%, up from 0.2% in the previous month. The annualized CPI growth rate was 2.5%, down from 2.9% in January. The US CPI increased by 3.2% annually in February, exceeding the forecasted 3.1% and January's 3.1%. Core CPI growth was 3.8% annually, higher than the expected 3.7% but lower than January's 3.9%. The higher-than-expected CPI readings caused some volatility in the US futures markets. The hot CPI readings, however, did not change the market's view of the Fed's June rate cut. The S&P 500 index rose 1.12%, the Nasdaq index rose 1.54%, and the Dow Jones industrial average index rose 0.61%. Along with the strong US equity market, Bitcoin reached an all-time high of $73k after the market opened and was heavily sold afterwards. The Bitcoin price fell 6% to $68,620 intraday before recovering from the low and now trading at $72,030. Convert Portal Volume Change The above table shows the volume change on our Convert Portal by zone.  This week our desk observed massive trading demand on Gaming and Infrastructure zones.  In the last seven days, the Gaming Zone has emerged as the most popular area. The trading volume increased by 89.8%, primarily due to high demand for Yield Guild Games ($YGG) and GALA ($GALA). The Infrastructure zone also experienced a 50% increase in trading volume on our Convert Portal. Livepeer ($LPT) and Render ($RNDR), both of which focus on the DePin area, are the two main contributors to this high growth volume. Our desk also observed that demand in the Meme zone has decreased by 25.9%. Following the stunning 1,182% volume increase last week, the FOMO (fear of missing out) sentiment subsided. Our desk noticed that most flows in the Meme zone seemed to be skewed towards cashing out. Why trade OTC?   Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations, Algo Orders, or automated price quotations via Binance Convert and Block Trade platform (https://www.binance.com/en/convert) and the Binance Convert OTC API.  Email: [email protected] for more information. Join our Telegram (https://t.me/BinanceOTC) to stay up to date with the markets!

كان ارتفاع سعر الجالا (GALA) أحد أكثر الزيادات إثارة للإعجاب في الاتجاه الصعودي الحالي لصناعة العملات المشفرة. حيث ارتفعت العملة البديلة بنسبة تزيد عن 90% خلال 48 ساعة. ويشير هذا إلى أن العديد من المستثمرين حصدوا أرباحًا طال انتظارها، ولكنها ليست النتيجة الأفضل بالنسبة للبعض. للحصول على خدمة إعلانية لمشروع الكريبتو الخاص بك أو البيانات الصحفية ذات الصلة المستثمرون ينتظرون المكاسب كان... source: https://ar.beincrypto.com/49419/

Observing the recent spikes in the GameFi sector, Bitget Gamefi Zone noticed the trading volume of the GameFi sector recording a 126% spike in the last 24 hours. Meanwhile, over the seven day period, the trading volume rose by more than 200%. It should be noted that these spikes were observed on March 10 at […] source: https://coinedition.com/gamefi-sector-soars-bitget-reports-200-weekly-surge-gala-ygg-pixel-take-the-lead/